Nigerian Stock Market Recovers Slightly on October 9, 2026

On October 9, 2026, the Nigerian stock market rebounded slightly after enduring seven consecutive sessions of losses. The NGX All-Share Index (ASI) increased by 0.13%, closing at 248,363.55 points, while market capitalization rose by N208.46 billion.

Despite this rebound, the market's year-to-date return stood at 59.60%, and market breadth remained negative, indicating that 31 stocks declined compared to 22 that advanced. Regal Insurance was the top gainer, rising from N0.70 to N0.77, marking a 10% increase.

Livestock Feeds also performed well, closing at N13.15, above its 52-week high, compared to its previous close of N12.00. Conversely, Red Star Express saw the steepest decline, falling from N14.85 to N13.40, a loss of N1.45 or 9.76%.

Trading activity weakened, with total volume decreasing by 34.57% to 322.04 million shares valued at N20.50 billion across 37,810 deals.